When to Refinance

[Juliette Holm]

I have 2 properties that I am eventually looking to refinance and am trying to weigh when would be the most worth it time to do it. One which is a primary residence is at 7.25% and has had that rate for about 2 years and the other is a rental at 9% and has had that rate for about 1 year. Some people continue to advise to wait until rates drop but knowing the monthly savings I am unsure if it os worth just doing it now on wither property. 

[AJ Exner]

Juliette,

Seeing rates right around 7% right now pretty consistently, even on investment/DSCR notes. I guess it just depends on what you are looking to do.

My two cents, if it's even worth that, is that we'll see more of a slow burn and it's hard to imagine rates really plummeting.

My recommendation to my clients is to not step over dollars for dimes. If you have a good opportunity in front of you and it can put you in a good position going into the year, I wouldn't hesitate too long.

Good luck! Happy to connect and help where/if I can.